Published: Sun, November 26, 2017
Markets | By Terence Owen

Jeff Bezos' net worth breaks $100 billion on Black Friday

Jeff Bezos' net worth breaks $100 billion on Black Friday

Bill Gates, who is now worth $86.8 billion, would be worth approximately $150 billion if he had not given approximately 700 million Microsoft Corp. shares and $2.9 billion in cash to charity since 1996.

Amazon's shares jumped 2.6 percent to $1,186 per share on Friday. Black Friday sales propelled the retailer's shares up by over two percent, Bezos being the owner of roughly 17 percent (78.9 million shares worth $93.6 billion) of the company he founded in his garage in Seattle 1994.

Amazon founder Jeff Bezos has become the world's newest and only $100bn billionaire - thanks to a $2.4bn surge in his personal fortune on the run up to Black Friday.

Bezos has surpassed Gates before - but only briefly.

Get this. Bezos made $2.4 BILLION on Friday!

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According to Bloomberg, Bezos's fortune jumped $2.4 billion to $100.3 billion early on November 24, following more than a two percent rise in shares on Black Friday. However, on October 27, 2017, Bezos again surpassed Gates on the Forbes list as the richest person in the world.

This year alone, Bezos' fortune has increased by $32.6 billion - more than anyone else on the Bloomberg Billionaire Index.

In 2013, Bezos purchased The Washington Post newspaper.

Bezos' unprecedented explosion in wealth is impressive, but somewhat damaged by his reputation for not giving to charity as much as his peers, like Gates and Warren Buffet. Bloomberg calculated that Gates would have a net worth of about $150 billion if not for donating large portions of his wealth to charitable causes. He has, however, given away Amazon shares worth $500 million (at current share price) since 2002. This past June he asked Twitter for ideas on how to be a better philanthropist.

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